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Knight Capital (KCG -10%) plunges on word of technical issues with a trading algorithm. The NYSE...

Knight Capital (KCG -10%) plunges on word of technical issues with a trading algorithm. The NYSE apparently halted (then resumed) trading in a number of stocks swung around by the issue. Among those reportedly affected was Berkshire Hathaway (BRK.B).
Comments (4)
  • sr1977
    , contributor
    Comments (338) | Send Message
     
    This comes literaly seconds after $4 billion in Algo SPY trades were executed 3 seconds before the close yesterday (per NANEX).

     

    Markets jumpy ahead of the Fed or perhaps someone has some inside info.
    1 Aug 2012, 10:47 AM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    This sent at least two of my stocks down briefly.

     

    HLF seems to be recovering.

     

    URI is staying down for no apparent reason; but then it is URI after all.
    1 Aug 2012, 11:13 AM Reply Like
  • Mike Nadel
    , contributor
    Comments (10687) | Send Message
     
    I had been wondering why AFL jumped like crazy early and then settled back down quite quickly. Damn computers.
    2 Aug 2012, 09:49 AM Reply Like
  • peter fahy
    , contributor
    Comment (1) | Send Message
     
    They got paid by brokers for ripping off clients finally got what they deserved
    3 Aug 2012, 12:19 AM Reply Like
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